M: 021 22 63 917

Wellington home values up 10.2% in 12 months

We strive to keep Wellington property owners up to date with the latest property information.

Here is another interesting Wellington real estate related news article that we thought may provide you with helpful information.

Press Release – QV Valuations
Residential property values across the Wellington region rose 10.2% in the year to October and increased 2.9% over the past quarter and the average value is now $672,701.

Wellington City values increased 9.6% year on year and by 3.9% over the past three months and the average value there is now $809,739.

Meanwhile, values in Upper Hutt rose 6.2% year on year and 0.9% over the past three months; Lower Hutt rose 3.6% year on year and 0.3% over the past quarter; Porirua rose 8.3% year on year and 2.4% over the past quarter. Finally, the Kapiti Coast rose 7.1% year on year and 0.6% over the past three months.

QV Wellington Senior Consultant, David Cornford said, “Many areas across the region have seen a sharper rate of growth compared to recent months.”

“New listings have increased recently although the total numbers of listings are similar to this time last year. This low level of supply means values are either staying flat or increasing particularly in Wellington and Porirua City.”

“The warmer weather, a low interest rate environment, tight supply and a desire from buyers to get settled before Christmas, has all combined to support modest value growth recently.“

“The more affordable northern Wellington suburbs continue to be standout performers with 5.2% growth recorded over the last three months, which highlights the influence of first home buyers and investors in these areas. Multiple offers on……….

Copyright 2016 Halina Kuchciak & John Reyna | Privacy Policy | Licensed under REAA 2008 | * All offers are only available through Halina Kuchciak & John Reyna for a limited time and conditions apply | Articles